There are so many factors that are involved here, it's impossible to say that everyone will have a positive experience of commuting. Conversely, it wouldn't be valid to say that everyone will have a negative experience. And it's not just your social life that's affected, it may also have an impact on how much time you have for work/studying and it may affect your concentration, energy levels etc. There's no right or wrong answer to the question, "Is commuting good or bad?" It will depend on lots of different things, let me name a few:
- Commuting by public transport (bus and/or train) versus having your own car...there's a huge difference there.
- Distance to university. Is it 10 miles away? Twenty miles? Or even 30 miles? Travelling 15 to 30 miles by car outside of rush hour isn't such a big hassle...but travelling that same distance using public transport during busy times...you'll spend a few hours each day travelling alone. Ask yourself, can you keep that up for 5 days a week for entire semesters? After a week of having to commute 20 something miles, I gave up and decided to look for nearby accommodation, problem solved.
- Can you cycle? Or perhaps a more appropriate question to ask would be whether you're prepared to cycle? Some people don't mind cycling 10, even 20 miles each day, it's a pretty good way to commute. But you have to consider that it requires a decent level of fitness, needs lots of caution and awareness, and you'll have to cycle in cold, wet weather...etc.
- How many days will you spend at uni per week? Some people are part time, others full time...
In the simplest terms, you have to decide whether you'd be able to commute to and from uni every day while still being able to have enough time to study and work, eat, sleep, and do whatever else you need to do. If you can achieve a good balance and feel comfortable doing so, then clearly it's fine for you to commute.